From October through December of 2021, there were 980 homes sold, with a median sale price of $315,000 - a 0.5% increase over the $313,500 median sale price for the same period of the previous year. There were 512 homes sold in Minneapolis in the fourth quarter of 2020.
The median sales tax in Minneapolis for the most recent year with available data, 2019, was $3,937, approximately 1.2% of the median home sale price for the fourth quarter of 2021.
The following table compares Minneapolis to other Hennepin County cities with similar median sale prices in the fourth quarter of 2021:
| City | Oct. - Dec. 2021 Home Sales | Oct. - Dec. 2020 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2021 Median Sales Price | Oct. - Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hopkins | 25 | 9 | 177.8% | $342,000 | $269,000 | 27.1% |
| Bloomington | 204 | 82 | 148.8% | $340,000 | $296,950 | 14.5% |
| Maple Plain | 5 | 6 | -16.7% | $335,000 | $319,050 | 5% |
| Brooklyn Park | 244 | 103 | 136.9% | $324,950 | $294,000 | 10.5% |
| New Hope | 69 | 20 | 245% | $319,900 | $306,000 | 4.5% |
| Minneapolis | 980 | 512 | 91.4% | $315,000 | $313,500 | 0.5% |
| Richfield | 128 | 44 | 190.9% | $313,450 | $307,000 | 2.1% |
| Mound | 37 | 19 | 94.7% | $302,000 | $309,850 | -2.5% |
| Osseo | 8 | 3 | 166.7% | $280,250 | $210,000 | 33.5% |
| Loretto | 3 | 0 | - | $280,000 | $0 | - |
| Robbinsdale | 57 | 23 | 147.8% | $278,000 | $265,000 | 4.9% |
Alerts Sign-up